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Barnes Group

DB:BG4
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BG4
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Barnes Group Inc. operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. The last earnings update was 80 days ago. More info.


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BG4 Share Price and Events
7 Day Returns
-2.4%
DB:BG4
-4.2%
DE Machinery
-1.8%
DE Market
1 Year Returns
-7%
DB:BG4
-28.7%
DE Machinery
-6.7%
DE Market
BG4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Barnes Group (BG4) -2.4% -2.3% 2.8% -7% 46.2% 74.2%
DE Machinery -4.2% -7.8% -14.2% -28.7% -20.9% 1.9%
DE Market -1.8% 1.6% -1.6% -6.7% 10.1% 11%
1 Year Return vs Industry and Market
  • BG4 outperformed the Machinery industry which returned -28.7% over the past year.
  • BG4 matched the Germany Market (-6.7%) over the past year.
Price Volatility
BG4
Industry
5yr Volatility vs Market

Value

 Is Barnes Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Barnes Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Barnes Group.

DB:BG4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BG4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.086 (1 + (1- 21%) (33.52%))
1.25
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.25 * 5.96%)
7.68%

Discounted Cash Flow Calculation for DB:BG4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Barnes Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:BG4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.68%)
2020 201.50 Analyst x4 187.12
2021 221.92 Est @ 10.14% 191.39
2022 237.82 Est @ 7.16% 190.47
2023 249.90 Est @ 5.08% 185.88
2024 258.97 Est @ 3.63% 178.88
2025 265.72 Est @ 2.61% 170.45
2026 270.75 Est @ 1.89% 161.29
2027 274.52 Est @ 1.39% 151.87
2028 277.39 Est @ 1.04% 142.51
2029 279.60 Est @ 0.8% 133.41
Present value of next 10 years cash flows $1,693.28
DB:BG4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $279.60 × (1 + 0.23%) ÷ (7.68% – 0.23%)
$3,760.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,760.40 ÷ (1 + 7.68%)10
$1,794.17
DB:BG4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,693.28 + $1,794.17
$3,487.45
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,487.45 / 51.38
$67.87
DB:BG4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BG4 represents 0.89674x of NYSE:B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89674x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 67.87 x 0.89674
€60.86
Value per share (EUR) From above. €60.86
Current discount Discount to share price of €48.20
= -1 x (€48.20 - €60.86) / €60.86
20.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Barnes Group is available for.
Intrinsic value
21%
Share price is €48.2 vs Future cash flow value of €60.86
Current Discount Checks
For Barnes Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Barnes Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Barnes Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Barnes Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Barnes Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BG4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.11
NYSE:B Share Price ** NYSE (2019-07-15) in USD $53.75
Germany Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 14.36x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Barnes Group.

DB:BG4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:B Share Price ÷ EPS (both in USD)

= 53.75 ÷ 3.11

17.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Barnes Group is overvalued based on earnings compared to the DE Machinery industry average.
  • Barnes Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Barnes Group's expected growth come at a high price?
Raw Data
DB:BG4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
8.1%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.29x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:BG4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.27x ÷ 8.1%

2.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Barnes Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Barnes Group's assets?
Raw Data
DB:BG4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $23.83
NYSE:B Share Price * NYSE (2019-07-15) in USD $53.75
Germany Machinery Industry PB Ratio Median Figure of 47 Publicly-Listed Machinery Companies 1.5x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.74x
DB:BG4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:B Share Price ÷ Book Value per Share (both in USD)

= 53.75 ÷ 23.83

2.26x

* Primary Listing of Barnes Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Barnes Group is overvalued based on assets compared to the DE Machinery industry average.
X
Value checks
We assess Barnes Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Barnes Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Barnes Group expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Barnes Group expected to grow at an attractive rate?
  • Barnes Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Barnes Group's earnings growth is positive but not above the Germany market average.
  • Barnes Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BG4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BG4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 8.1%
DB:BG4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3.8%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.2%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BG4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BG4 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,669 187 1
2020-12-31 1,627 266 185 6
2019-12-31 1,564 231 165 6
DB:BG4 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,506 260 161
2018-12-31 1,496 237 166
2018-09-30 1,485 194 68
2018-06-30 1,472 190 64
2018-03-31 1,461 183 60
2017-12-31 1,436 204 59
2017-09-30 1,388 225 155
2017-06-30 1,342 223 157
2017-03-31 1,284 239 145
2016-12-31 1,231 218 136
2016-09-30 1,194 217 123
2016-06-30 1,173 229 120

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Barnes Group's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • Barnes Group's revenue is expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BG4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Barnes Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BG4 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.76 3.76 3.76 1.00
2020-12-31 3.56 3.71 3.45 6.00
2019-12-31 3.18 3.26 3.07 5.00
DB:BG4 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.11
2018-12-31 3.18
2018-09-30 1.29
2018-06-30 1.20
2018-03-31 1.11
2017-12-31 1.10
2017-09-30 2.87
2017-06-30 2.90
2017-03-31 2.68
2016-12-31 2.50
2016-09-30 2.27
2016-06-30 2.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Barnes Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Barnes Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Barnes Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Barnes Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Barnes Group's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Barnes Group's year on year earnings growth rate has been positive over the past 5 years.
  • Barnes Group's 1-year earnings growth exceeds its 5-year average (169.2% vs 0.7%)
  • Barnes Group's earnings growth has exceeded the DE Machinery industry average in the past year (169.2% vs -1.3%).
Earnings and Revenue History
Barnes Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Barnes Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BG4 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,505.92 161.36 305.00
2018-12-31 1,495.89 166.19 296.79
2018-09-30 1,484.82 68.11 299.36
2018-06-30 1,472.18 64.33 299.61
2018-03-31 1,461.36 59.93 296.97
2017-12-31 1,436.50 59.42 289.68
2017-09-30 1,387.62 155.38 274.88
2017-06-30 1,342.02 156.87 260.65
2017-03-31 1,284.22 145.06 251.51
2016-12-31 1,230.75 135.60 247.66
2016-09-30 1,193.61 123.29 243.30
2016-06-30 1,173.49 120.14 239.91
2016-03-31 1,181.73 121.15 238.02
2015-12-31 1,193.98 121.38 235.79
2015-09-30 1,217.12 130.23 239.66
2015-06-30 1,243.35 130.86 243.47
2015-03-31 1,250.48 126.87 248.14
2014-12-31 1,262.01 120.54 251.78
2014-09-30 1,242.97 113.60 247.04
2014-06-30 1,194.80 100.67 238.66
2014-03-31 1,140.12 79.64 227.65
2013-12-31 1,091.57 72.32 216.06
2013-09-30 1,058.63 72.73 205.23
2013-06-30 1,021.62 67.38 192.89
2013-03-31 969.53 77.67 176.24
2012-12-31 928.78 79.83 163.62
2012-09-30 953.87 76.86 180.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Barnes Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Barnes Group used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.
  • Barnes Group's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Barnes Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Barnes Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Barnes Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Barnes Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Barnes Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Barnes Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Barnes Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Barnes Group Company Filings, last reported 3 months ago.

DB:BG4 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,224.50 905.82 103.51
2018-12-31 1,203.06 944.02 100.72
2018-09-30 1,206.91 563.20 79.39
2018-06-30 1,193.16 590.26 120.46
2018-03-31 1,295.59 521.08 104.70
2017-12-31 1,260.32 532.60 145.29
2017-09-30 1,329.60 516.34 134.47
2017-06-30 1,299.27 506.61 104.81
2017-03-31 1,216.77 498.96 88.28
2016-12-31 1,168.36 501.03 66.45
2016-09-30 1,203.62 527.71 71.94
2016-06-30 1,178.30 479.56 101.33
2016-03-31 1,166.68 503.92 76.86
2015-12-31 1,127.75 510.26 83.93
2015-09-30 1,161.55 480.80 65.76
2015-06-30 1,155.18 497.91 81.97
2015-03-31 1,106.02 480.66 45.62
2014-12-31 1,111.79 505.03 46.04
2014-09-30 1,155.67 539.90 63.01
2014-06-30 1,173.70 571.51 62.24
2014-03-31 1,148.70 561.59 61.41
2013-12-31 1,141.41 547.79 70.86
2013-09-30 1,016.55 348.62 230.29
2013-06-30 974.99 244.48 197.40
2013-03-31 798.40 672.24 99.87
2012-12-31 800.12 648.43 86.36
2012-09-30 782.33 688.69 87.35
  • Barnes Group's level of debt (74%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (48.9% vs 74% today).
  • Debt is well covered by operating cash flow (28.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.7x coverage).
X
Financial health checks
We assess Barnes Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Barnes Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Barnes Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.19%
Current annual income from Barnes Group dividends. Estimated to be 1.2% next year.
If you bought €2,000 of Barnes Group shares you are expected to receive €24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Barnes Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Barnes Group's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BG4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BG4 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.76 1.00
2020-12-31 0.64 5.00
2019-12-31 0.62 5.00
DB:BG4 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-03 0.640 1.169
2019-02-14 0.640 1.156
2018-10-18 0.640 1.123
2018-07-20 0.640 0.954
2018-05-04 0.640 1.075
2018-02-09 0.560 0.929
2017-10-20 0.560 0.862
2017-07-20 0.560 0.870
2017-05-05 0.560 0.970
2017-02-08 0.520 1.026
2016-10-14 0.520 1.155
2016-07-14 0.520 1.319
2016-05-06 0.520 1.551
2016-02-10 0.480 1.396
2015-10-16 0.480 1.363
2015-07-16 0.480 1.258
2015-05-08 0.480 1.205
2015-02-11 0.480 1.204
2014-10-17 0.480 1.339
2014-07-22 0.440 1.316
2014-05-09 0.440 1.160
2014-02-12 0.440 1.150
2013-10-18 0.440 1.186
2013-07-23 0.440 1.310
2013-05-03 0.400 1.320
2013-02-13 0.400 1.457
2012-10-19 0.400 1.792
2012-07-18 0.400 1.654
2012-05-04 0.400 1.685
2012-02-08 0.400 1.487
2011-10-20 0.400 1.659
2011-07-21 0.320 1.487
2011-05-06 0.320 1.340
2011-02-09 0.320 1.489
2010-10-21 0.320 1.612
2010-07-20 0.320 1.887
2010-05-07 0.320 1.785
2010-02-11 0.320 1.733
2009-10-22 0.320 1.925
2009-07-22 0.320 2.030
2009-05-08 0.640 4.857
2009-02-11 0.640 5.754
2008-10-23 0.640 5.014
2008-07-24 0.640 3.255

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Barnes Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.4x coverage).
X
Income/ dividend checks
We assess Barnes Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Barnes Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Barnes Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Barnes Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patrick Dempsey
COMPENSATION $6,789,894
AGE 55
TENURE AS CEO 6.3 years
CEO Bio

Mr. Patrick J. Dempsey has been the Chief Executive Officer and President of Barnes Group Inc. since March 01, 2013. Mr. Dempsey served as the Chief Operating Officer and Senior Vice President of Barnes Group Inc. from February 13, 2012 to March 01, 2013. Mr. Dempsey served as President of Logistics & Manufacturing Services at Barnes Group Inc. from October 2008 to February 13, 2012. He served as President of Barnes Aerospace at Barnes Group Inc. since November 01, 2004 until 2007. Mr. Dempsey served as President of Barnes Aerospace since October 2007. He served as Vice President at Barnes Group Inc. since November 01, 2004 until February 13, 2012. He has more than 15 years of experience in the aerospace industry. He served as President of Class C Solutions Group, a business segment of Barnes Group Inc. since November 01, 2004. He joined Barnes Group in October 2000 and served as President of Barnes Aerospace's Windsor Airmotive Division, its worldwide maintenance and repair operation. Since 2003, Mr. Dempsey served as a Group Vice President of Operations of Barnes Aerospace. He served in number of senior management positions at United Technologies Corporation, Pratt and Whitney Division and also served as President of HAC Division and General Manager of TCT and DPRO Divisions. He also served in several leadership positions at Interturbine Corporation from 1994 to 1997. He serves as a Trustee of Manufacturers Alliance for Productivity and Innovation, Inc. He has been an Independent Director of Nucor Corporation since December 1, 2016. Mr. Dempsey has been a Director of Barnes Group Inc. since May 3, 2013. Mr. Dempsey holds Bachelor's Degree in Engineering Technology and Education from the University of Limerick, Ireland and MBA candidate at the University of Michigan.

CEO Compensation
  • Patrick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Patrick's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Barnes Group management team in years:

6.3
Average Tenure
56
Average Age
  • The average tenure for the Barnes Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Patrick Dempsey

TITLE
President
COMPENSATION
$7M
AGE
55
TENURE
6.3 yrs

Chris Stephens

TITLE
Senior VP of Finance & CFO
COMPENSATION
$2M
AGE
54
TENURE
10.5 yrs

Dawn Edwards

TITLE
Senior Vice President of Human Resources
COMPENSATION
$990K
AGE
50
TENURE
9.9 yrs

Mike Beck

TITLE
Senior Vice President
COMPENSATION
$1M
AGE
59
TENURE
3.3 yrs

Marian Acker

TITLE
Principal Accounting Officer
AGE
57
TENURE
9.5 yrs

Patrick Hurley

TITLE
Senior VP & Chief Technology Officer
AGE
46
TENURE
0.4 yrs

Bill Pitts

TITLE
Director of Investor Relations
TENURE
8.3 yrs

Peter Gutermann

TITLE
Senior VP
AGE
59
TENURE
1.6 yrs

Lukas Hovorka

TITLE
Vice President of Corporate Development

Michael Kennedy

TITLE
Vice President of Tax and Treasury
AGE
57
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Barnes Group board of directors in years:

6.2
Average Tenure
63
Average Age
  • The tenure for the Barnes Group board of directors is about average.
Board of Directors

Tom Barnes

TITLE
Chairman of the Board
COMPENSATION
$327K
AGE
70
TENURE
24.5 yrs

Patrick Dempsey

TITLE
President
COMPENSATION
$7M
AGE
55
TENURE
6.2 yrs

Mylle Mangum

TITLE
Independent Director
COMPENSATION
$215K
AGE
70
TENURE
17.5 yrs

Bill Morgan

TITLE
Independent Director
COMPENSATION
$219K
AGE
72
TENURE
12.8 yrs

Hassell McClellan

TITLE
Lead Independent Director
COMPENSATION
$215K
AGE
74

Gary Benanav

TITLE
Independent Director
COMPENSATION
$211K
AGE
73
TENURE
25.5 yrs

JoAnna Sohovich

TITLE
Independent Director
COMPENSATION
$201K
AGE
47
TENURE
5.2 yrs

Elijah Barnes

TITLE
Director
COMPENSATION
$200K
AGE
38
TENURE
3.5 yrs

Tom Hook

TITLE
Director
COMPENSATION
$204K
AGE
56
TENURE
3.2 yrs

Hans-Peter Männer

TITLE
Director
COMPENSATION
$200K
AGE
56
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • Barnes Group individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Jun 19 Buy Gary Benanav Individual 06. Jun 19 06. Jun 19 35 €47.96 €1,694
10. Jun 19 Buy Mylle Bell Mangum Individual 06. Jun 19 06. Jun 19 35 €47.96 €1,694
20. May 19 Sell Gary Benanav Individual 17. May 19 17. May 19 -12,500 €50.14 €-625,601
16. May 19 Sell Thomas Barnes Individual 14. May 19 14. May 19 -2,000 €49.50 €-98,999
02. May 19 Sell Dawn Edwards Individual 30. Apr 19 30. Apr 19 -1,750 €49.48 €-86,587
12. Mar 19 Buy Gary Benanav Individual 08. Mar 19 08. Mar 19 38 €49.85 €1,881
12. Mar 19 Buy Mylle Bell Mangum Individual 08. Mar 19 08. Mar 19 37 €49.85 €1,834
27. Feb 19 Sell Thomas Barnes Individual 26. Feb 19 26. Feb 19 -1,062 €52.16 €-55,397
27. Feb 19 Buy Richard Hipple Individual 27. Feb 19 27. Feb 19 1,000 €51.73 €51,726
12. Dec 18 Buy Mylle Bell Mangum Individual 10. Dec 18 10. Dec 18 38 €48.01 €1,809
12. Dec 18 Buy Gary Benanav Individual 10. Dec 18 10. Dec 18 39 €48.01 €1,855
03. Dec 18 Sell Thomas Barnes Individual 29. Nov 18 30. Nov 18 -770 €52.56 €-40,315
27. Nov 18 Sell Hassell McClellan Individual 26. Nov 18 26. Nov 18 -1,400 €51.54 €-71,912
12. Sep 18 Buy Gary Benanav Individual 10. Sep 18 10. Sep 18 31 €59.14 €1,813
12. Sep 18 Buy Mylle Bell Mangum Individual 10. Sep 18 10. Sep 18 30 €59.14 €1,767
X
Management checks
We assess Barnes Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Barnes Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Barnes Group Inc. operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Its Industrial segment offers precision components, products, and systems for applications serving various customers in end-markets, such as transportation, industrial equipment, automation, personal care, packaging, electronics, and medical devices. It also designs and manufactures hot runner systems, mold cavity sensors and process control systems, and precision high cavitation mold assemblies for injection molding applications; provides force and motion control solutions for various metal forming and other industrial markets; and designs and develops robotic grippers, end-of-arm tooling systems, sensors, and other automation components for intelligent robotic handling solutions and industrial automation applications. In addition, this segment manufactures and supplies precision mechanical products, including mechanical springs, high-precision punched and fine-blanked components, and retention rings for use in transportation and industrial applications. It sells its products primarily through its direct sales force and distribution channels. Its Aerospace segment produces fabricated and precision machined components and assemblies for commercial and military aircraft turbine engines, nacelles, and structures; provides aircraft engine component maintenance, repair, and overhaul services for turbine engine manufacturers, commercial airlines, and the military; and manufactures and delivers aerospace aftermarket spare parts. This segment primarily serves original equipment manufacturing industry. Barnes Group Inc. was founded in 1857 and is headquartered in Bristol, Connecticut.

Details
Name: Barnes Group Inc.
BG4
Exchange: DB
Founded: 1857
$2,491,566,939
51,384,304
Website: http://www.barnesgroupinc.com
Address: Barnes Group Inc.
123 Main Street,
Bristol,
Connecticut, 06010,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE B Common Stock New York Stock Exchange US USD 02. Jan 1968
DB BG4 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
5,908
Barnes Group employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 21:22
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/10
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.